What does Economics mean?

Definitions for Economics
ˌɛk əˈnɒm ɪks, ˌi kə-eco·nom·ics

This dictionary definitions page includes all the possible meanings, example usage and translations of the word Economics.

Princeton's WordNet

  1. economics, economic science, political economynoun

    the branch of social science that deals with the production and distribution and consumption of goods and services and their management

GCIDE

  1. Economicsnoun

    Political economy; the science of the utilities or the useful application of wealth or material resources; the study of the production, distribution, and consumption of goods and services of a nation or region, and its effect on the wealth of a country. See Political economy, under Political.

Wiktionary

  1. economicsnoun

    The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.

  2. Etymology: From economy, from oeconomia, from οἰκονομία, from οἶκος + νόμος.

Wikipedia

  1. Economics

    Economics () is the social science that studies the production, distribution, and consumption of goods and services.Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements. Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and behavioural economics; and between mainstream economics and heterodox economics.Economic analysis can be applied throughout society, including business, finance, cybersecurity, health care, engineering and government. It is also applied to such diverse subjects as crime, education, the family, feminism, law, philosophy, politics, religion, social institutions, war, science, and the environment.

ChatGPT

  1. economics

    Economics is a social science that studies how individuals, governments, organizations, and societies allocate, distribute, and manage scarce resources in order to fulfill their needs and wants. This includes analyzing economic activities, trends, and behaviors such as production, consumption, savings, investment, and trade. It consists of two main branches: microeconomics, which focuses on the actions of individuals and firms, and macroeconomics, which looks at the economy as a whole.

Webster Dictionary

  1. Economicsnoun

    the science of household affairs, or of domestic management

  2. Economicsnoun

    political economy; the science of the utilities or the useful application of wealth or material resources. See Political economy, under Political

  3. Etymology: [Gr. ta` o'ikonomika`, equiv. to "h o'ikonomi`a. See Economic.]

Wikidata

  1. Economics

    Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία from οἶκος + νόμος, hence "rules of the house". Political economy was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" that also avoided a narrow political-interest connotation and as similar in form to "mathematics", "ethics", and so forth. A focus of the subject is how economic agents behave or interact and how economies work. Consistent with this, a primary textbook distinction is between microeconomics and macroeconomics. Microeconomics examines the behavior of basic elements in the economy, including individual agents and markets, and their interactions. Macroeconomics analyzes the entire economy and issues affecting it, including unemployment, inflation, economic growth, and monetary and fiscal policy. Other broad distinctions include those between positive economics and normative economics; between economic theory and applied economics; between rational and behavioral economics; and between mainstream economics and heterodox economics.

The Roycroft Dictionary

  1. economics

    The science of the production, distribution and use of wealth, best understood by college professors on half-rations.

U.S. National Library of Medicine

  1. Economics

    The science of utilization, distribution, and consumption of services and materials.

Editors Contribution

  1. economics

    The act, process and science of creating, managing, stimulating and generating an economy.

    Economics is simple when we look at it in a simple manner.


    Submitted by MaryC on March 7, 2020  

Suggested Resources

  1. Economics

    Economical vs. Economics -- In this Grammar.com article you will learn the differences between the words Economical and Economics.

Matched Categories

British National Corpus

  1. Spoken Corpus Frequency

    Rank popularity for the word 'Economics' in Spoken Corpus Frequency: #3354

  2. Nouns Frequency

    Rank popularity for the word 'Economics' in Nouns Frequency: #1427

How to pronounce Economics?

How to say Economics in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of Economics in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of Economics in Pythagorean Numerology is: 6

Examples of Economics in a Sentence

  1. Ahmad Saeed:

    It’s quite expensive, i have friends here. I have my relatives here. But we never discussed the economics.

  2. AMYNE E. QASEM:

    All we know about economics is that we do not know something

  3. Chris Nassetta:

    The next few years are going to be exceptionally good years in this business, amongst the best years that we've seen, it's the simple laws of economics at work. While supply is inching a little bit, it's at historically low levels.

  4. Peter Daszak:

    We need to increase public understanding of the need for MCMs such as a pan-influenza or pan-coronavirus vaccine. A key driver is the media, and the economics follow the hype. We need to use that hype to our advantage to get to the real issues. Investors will respond if they see profit at the end of process.

  5. Peter Navarro:

    Doctors disagree about things all the time. My qualifications in terms of looking at the science is that I'm Peter Navarro, i have a Ph. D. And I understand how to read statistical studies, whether it's in medicine, the law, economics or whatever.

Popularity rank by frequency of use

Economics#1#2569#10000

Translations for Economics

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"Economics." Definitions.net. STANDS4 LLC, 2024. Web. 23 May 2024. <https://www.definitions.net/definition/Economics>.

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